Madhav Marbles and Granites Limited has scheduled an Extra-Ordinary General Meeting (EGM) on July 6, 2026, to seek shareholder approval for material related party transactions aggregating up to ₹100 crore. The meeting, to be held via video conferencing, will address three ordinary resolutions concerning transactions with its subsidiaries and an associate entity. The proposed limits include ₹50 crore for Madhav Ashok Ventures Private Limited, ₹40 crore for Madhav Surfaces (FZC) LLC, and ₹10 crore for Madhav Natural Stone Surfaces Private Limited.

The Board of Directors approved the notice for the EGM during its meeting held on June 12, 2026. The proposed transactions encompass a range of financial activities, including the sale and purchase of goods, reimbursement of expenses, inter-corporate deposits, loans, advances, investments, and corporate guarantees. These activities are intended to support the operational efficiency and business expansion of the related parties, which are involved in trading, manufacturing, and realty.

Transaction Details and Limits

The company has outlined specific financial limits for each related party to ensure transactions remain within approved boundaries. The table below summarizes the proposed transaction limits and the nature of the relationship with each entity.

Financial Performance and Audit Status

The explanatory statement details the financial performance of the related parties for the preceding financial year. Madhav Ashok Ventures Private Limited reported a turnover of ₹24.88 lakh and a net loss of ₹248.06 lakh. Madhav Surfaces (FZC) LLC recorded a turnover of ₹6737.18 lakh with a net loss of ₹685.26 lakh, while Madhav Natural Stone Surfaces Private Limited had nil turnover and a net loss of ₹42.10 lakh.

The audit reports for these entities have drawn attention to specific areas of concern. For the financial year 2025-2026, auditors issued a qualified opinion regarding the impairment of investments and loans for Madhav Ashok Ventures Private Limited and Madhav Natural Stone Surfaces Private Limited. Additionally, auditors highlighted material uncertainty related to the going concern status of Madhav Surfaces (FZC) LLC and Madhav Natural Stone Surfaces Private Limited in their respective financial statements for the recent periods.

EGM Logistics and Voting

Shareholders eligible to vote as of the cut-off date, June 29, 2026, can participate in the EGM through remote e-voting or e-voting during the meeting. The remote e-voting period commences on July 3, 2026, at 9:00 A.M. IST and concludes on July 5, 2026, at 5:00 P.M. IST. The company has appointed M/s Ronak Jhuthawat & Co. as the scrutinizer to oversee the voting process. The results will be declared immediately after the conclusion of the meeting and communicated to the stock exchanges.

Madhav Marbles and Granites Limited has disclosed the details of encumbered shares held by its promoter and promoter group for the financial year ended March 31, 2026. The filing, submitted to the stock exchanges on April 7, 2026, was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates the disclosure of shares pledged by promoters to ensure transparency for shareholders.

The disclosure was addressed to the Listing Departments of BSE Limited and the National Stock Exchange of India Ltd. The company requested the exchanges to take the information on record. The document was signed by Priyanka Manawat, Company Secretary of Madhav Marbles and Granites Limited.

Key Details of the Disclosure

The filing pertains specifically to the status of encumbered shares as of March 31, 2026. The disclosure provides the necessary data regarding the shares held by the promoter group that are currently pledged or otherwise encumbered.